Rough week for equity markets:
- UK FTSE 100 -1.0%
- German DAX -0.9%
- French CAC -0.4%
- Spain IBEX +0.2%
- Italy MIB -0.7%
On the week:
- UK FTSE 100 -0.3%
- German DAX -2.3%
- French CAC –1.8
- Spain IBEX -0.9%
- Italy MIB -1.3%
The good news is that European equities finished off the lows and now US stocks are beginning to run to the upside. Here’s a look at the daily DAX and it shows how we broke the summer lows earlier today before closing back above them.
